Use accrual accounting, unless you have a truly cash based business. Then you should still use accrual accounting. When you use accrual accounting you are able to compare apples to apples. If I pay an entire year of liability insurance at once, I need to see that expense spread out over the year to compare… Continue reading Day 2 of 31 Days to Freedom in Your Business
Author: Becky Daniels
Day 1 of 31 to Freedom in Your Business
-Print a Profit & Loss Statement (for the most recent month that you have completed financial information). -Print a Balance Sheet (for the last date that you have complete financial information). -Print a Statement of Cash Flows (for the most recent month of complete financial information). This is your first step. Your entire business is… Continue reading Day 1 of 31 to Freedom in Your Business
Are You the Bottleneck?
Every practitioner dreams of an easier/simplified way of accomplishing everything she has to get done. Triple that when the practitioner is also the business owner. There is always just so much to do. As professional adults you learn to delegate certain things. Most professionals delegate the cleaning of their home. Many delegate the taxi driving… Continue reading Are You the Bottleneck?
Oh Yikes!
I recently took my three daughters to the optometrist. Our health insurance doesn't include vision, and we had added it for 2019. My husband had been to this optometrist in January. The doctor is someone we have known just a tad socially, and we really like him. He's funny, he puts the kids at ease,… Continue reading Oh Yikes!
Small Businesses with Teeth!
I can remember when I was in seventh grade, and my dad decided to enroll in an MBA program for physicians. The program would keep him away from home more than usual, so he was, as he was wont to do, deliberately explaining this to me as if I was an adult. He told me… Continue reading Small Businesses with Teeth!
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